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Pin to quick pickseasyJet Share News (EZJ)

Share Price Information for easyJet (EZJ)

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Share Price: 541.60
Bid: 542.80
Ask: 543.40
Change: 0.00 (0.00%)
Spread: 0.60 (0.111%)
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UK aviation needs govt support for new lockdown pain -airport boss

Mon, 02nd Nov 2020 13:49

LONDON, Nov 2 (Reuters) - Britain's airports and airlines
need urgent support to survive the "very bleak future" posed by
a new lockdown in England, warned the boss of one of the
country's biggest airport groups.

Very low levels of travel in recent months have put airlines
and airports under renewed financial strain after they were
effectively shut during Britain's first lockdown, and they now
face another month without income during its second.

"An urgent package of support must materialise," said
Manchester Airport Group's (MAG) chief executive Charlie Cornish
in a statement on Monday.

He said the new lockdown for England, due to start on
Thursday and which bans international leisure travel, will make
parts of the aviation sector unsustainable.

Before the pandemic, Britain had a thriving aviation sector.
Air transport and related supply chain activity plus tourist
arrivals supported 1.6 million jobs and accounted for 4.5% of UK
GDP according to an IATA study.

But more than 20,000 jobs have now been lost at UK airlines
like British Airways and easyJet, and Heathrow,
once the busiest airport in Europe, has lost its crown to Paris.

Industry executives blame the UK government's 14-day
quarantine rules, and the comparatively slow adoption of
allowing testing to replace the need for isolation, for
exacerbating the pain.

Industry bodies Airlines UK and the Airport Operators
Association called on the government to bring in business rates
relief for airports, waive the air passenger duty tax, and
quickly bring in a testing regime to save jobs.

On top of job support schemes, Britain has provided extra
help to train and bus operators and the hospitality sector
during the crisis, but aviation has been ignored say bosses,
despite promises made by the finance minister in March.

"Government has neglected UK aviation and the role it plays
in our economy from day one of this pandemic," said Cornish,
whose MAG owns Manchester, London Stansted and East Midlands
airports.

France and Germany have both provided state-backed rescue
packages to help Air France-KLM and Lufthansa
survive the crisis.
(Reporting by Sarah Young; Editing by Kirsten Donovan)

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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26 Sep 2023 10:36

Rolls-Royce and EasyJet reach key milestone in development of hydrogen-powered engines

(Sharecast News) - Rolls-Royce and EasyJet achieved a new milestone in their combined efforts to develop hydrogen-fueled engines.

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25 Sep 2023 13:03

Rolls-Royce and easyJet progress with jet engine running on hydrogen

(Alliance News) - Jet engine maker Rolls-Royce Holdings PLC and airline partner easyJet PLC on Monday said their effort to build an aero engine that runs on green hydrogen achieved a milestone.

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New easyJet recruitment drive tackles cabin crew stereotyping

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Thousands impacted at Gatwick amid air traffic control staff shortages

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6 Sep 2023 16:25

UK air traffic meltdown 'one in 15 million' event -NATS

LONDON, Sept 6 (Reuters) - An air traffic meltdown in Britain was caused by a "one in 15 million" event, the boss of traffic control provider NATS said, as initial findings showed how a single flight plan with two identically labelled markers caused the chaos.

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5 Sep 2023 12:44

Director dealings: Wetherspoon chair, easyJet director make purchases

(Sharecast News) - On the list of director purchases on Tuesday was pub chain JD Wetherspoon, after its outspoken chairman picked up almost a million shares.

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5 Sep 2023 11:49

Airbus, easyJet, Rolls-Royce join forces in UK on hydrogen-powered flying

LONDON, Sept 5 (Reuters) - Airbus, easyJet and Rolls-Royce have joined forces to try to position Britain at the forefront of hydrogen-powered aviation as the industry plots its course to decarbonisation.

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30 Aug 2023 09:53

UK air traffic control meltdown fault won't happen again - NATS

Head of air traffic control provider says issue fixed

*

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30 Aug 2023 08:21

Britain's air traffic control failure to cost airlines 100 mln stg -IATA head

LONDON, Aug 30 (Reuters) - The cost to airlines from Britain's air traffic control failure on Monday is likely to reach about 100 million pounds ($126 million), Willie Walsh, the head of global airlines group IATA told the BBC on Wednesday. ($1 = 0.7920 pounds) (Reporting by Sarah Young, editing by Elizabeth Piper)

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30 Aug 2023 07:45

UK air traffic control says problem which caused flight cancellations won't happen again

LONDON, Aug 30 (Reuters) - The disruption to flights into and out of Britain caused by a technical failure on Monday will not happen again after changes were made to the system, the head of the country's air traffic control group NATS said.

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UK air traffic failure set to disrupt flights for days

Around 1,500 flights cancelled on Monday

*

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